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Alastair Carruthers

Legal Director
Manchester
About

Alastair works in the Banking and Finance team, with a particular focus on asset based lending.

He has experience predominantly in receivables financing and other forms of asset-based lending, advising a wide-ranging client base which includes UK commercial banks, sponsors and corporates. Alastair has worked on a number of cross-border financing transactions and regularly works with clients and other lawyers in Europe and the US.

Areas of FocusFinancial ServicesFinanceReal EstateLeveraged Finance and Debt Finance
Professional QualificationsSolicitor of the Senior Courts of England and Wales

EXPERIENCE

  • Acting for a syndicate of 5 funders in respect of GBP220 million asset based lending facilities made available to a national provider of plant and machinery.
  • Acting for Barclays Bank PLC in regards to the GBP290 million syndicated receivables financing for a corporate entity dealing in trading, storage, distribution and retail conglomerate dealing of petroleum products and bio-fuels.
  • Acting for Exponent Private Equity LP in relation to a Scottish whisky business, GBP125 million asset-based financing led by PNC Business Credit.
  • Acting for Barclays Bank PLC in relation to GBP100 million asset-based facilities for a construction materials manufacturer.
  • Acting for Ardent Hire Solutions Limited, owned by Searchlight Capital Partners and Duke Street Private Equity, in regards to the GBP120 million refinancing of existing indebtedness.
  • Acting for RBS Invoice Finance Limited and HSBC Bank plc in respect of the financing of the Harvey Nash group of companies in five jurisdictions.
  • Advising the funder group on a USD350 million receivables finance arrangement in relation to a petrochemical business.
Languages
  • English
Education
  • University of Sheffield, English Literature and History, BA, Hons

Awards

  • Rising Star" in the Legal 500 2024 for both Asset Based Lending and North West Banking and Finance categories
  • "Associate to Watch" for Acquisition finance and Asset Based Lending in Chambers, 2024

Memberships And Affiliations

The Law Society

My latest insights

News
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DLA Piper advises INEOS Automotive Limited on significant asset-based financing

19 January 2024 .1 minute read

News
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DLA Piper advises Aurelius on its acquisition of Footasylum

7 August 2022 .1 minute read

News
Abstract building

DLA Piper advises Aurelius on its acquisition of McKesson UK

13 April 2022 .2 minute read

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Connect

Phone

+441612354672
(Work, Manchester)
+447968558787
(Work)
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